Submitted by Koos Jansen via BullionStar.com,

When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date. 

Robots are set to take over fifty percent of the global workforce by 2045. With the advances in artificial intelligence, robots will be able to outperform humans in any task within the next 30 years. Shocking new statistics were announced during the annual meeting of the American Association for the Advancement of Science (AAAS) in Washington on Sunday. RT reports: Jobs at the middle of the skills curve are most at risk, according to Rice University computer science professor Moshi Vardi.

When BofA's Michael Hartnett releases his monthly Fund Managers' Survey, the one chart we always head straight to is the one laying out what the "smart money", aka the polled investors who make up the survey, is most worried about, or as they put it: what are the biggest "tail risks."

The chart below shows that as recently as a month ago, what jept everyone at night by a substantial margin, with 45% putting it as their top fear, was a China Recession, followed by an EM debt crisis.

How things have changed in the subsequent month.

The President of the Federal Reserve Bank of Minneapolis – who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability (Neel Kashkari) – says that the nation’s biggest banks remain too big to fail and pose significant risk to the economy

Kashkari joins the following top economists and financial experts who believe that the failure to rein in the “too big to fail” banks is unacceptable:

When last we checked in on Norway, we outlined what we called the country’s “currency conundrum.”